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Showing 191 - 200 of 284 results for "Enforceable undertaking"

ASIC accepts enforceable undertaking from WealthSure

LAURA MILLAN  |  MONDAY, 2 SEP 2013
... Financial Services and the former chief executive of both companies, Darren Pawski, will be put into an enforceable undertaking (EU) until 2018. The Australian Securities and Investments Commission (ASIC) has accepted an EU from both companies after ...

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
... investors that the structure of the scheme meant this was not necessarily the case." PIS was subject to an enforceable undertaking from December 2010 to March 2012, but last July the Australian Securities and Investments Commission (ASIC) ordered the ...

APRA takes Trio director to Court

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
The Australian Prudential Regulation Authority (APRA) has started proceedings in the Federal Court of Australia seeking the disqualification of former Trio Capital director David Millhouse. APRA is asking the Court to disqualify Millhouse from acting ...

Centrepoint spent $4.9 million in client claims

LAURA MILLAN  |  WEDNESDAY, 24 JUL 2013
... 30, but the preliminary report indicates that Centrepoint also spent $500,000 to cover the costs of the enforceable undertaking ant the monitoring that the Australian Securities and Investments Commission (ASIC) imposed to the group. The enforceable ...

PIS appoints PwC as independent expert

LAURA MILLAN  |  THURSDAY, 18 JUL 2013
... chief executive John De Zwart said. The largest independent dealer group in Australia was subject to an enforceable undertaking from December 2010 to March 2012 and the latest reports reveal that its advisers have dropped by more than half in the last ...

ASIC orders further PIS scrutiny over compliance concerns

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
... program by an independent expert to ensure that its advice processes meet the standards set out in a major enforceable undertaking (EU). The EU came to an end on March 2012 and PIS presented it to the Australian Securities and Investments Commission ...

ASIC's powers heightened under FoFA

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
... Standard. "Before we only could cancel licences, ban people from the industry or put businesses into an enforceable undertaking and there had to be significant breaches to cancel a licence," Bird said. Bird spoke weeks after the Senate started an inquiry ...

APRA accepts enforceable undertakings from five former Trio directors

ALICE URIBE  |  THURSDAY, 4 JUL 2013
... entity of various managed investment schemes. A total of 11 former Trio directors have now each provided an enforceable undertaking to APRA, which effectively removes these individuals from operating in the superannuation industry for a specified period ...

Former Everest CEO banned from financial services

LAURA MILLAN  |  THURSDAY, 27 JUN 2013
... Michael Reid has been banned from the financial services industry for two years. Reid has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Committee (ASIC). For the next two years he will not be able to provide ...

ASIC accepts enforceable undertaking from City Index

LAURA MILLAN  |  WEDNESDAY, 10 APR 2013
The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking from City Index Australia (CIA), which will appoint an independent expert to review the business and develop a plan to rectify the deficiencies. The ...